000			02918cam a22003618i 4500
001			u80727
005			20171208181014.0
007			ta
008			171122s2018 cau b 001 0 eng c
020			_a9781503601147 _qhardback
020			_a9781503603806 _qpaperback
040			_aCSt/DLC _beng _cCSt _erda _dUK-LoPHL
082	0	4	_a336.2
100	1		_aYoung, Cristobal _eauthor. _9114252
245	1	4	_aThe myth of millionaire tax flight : _bhow place still matters for the rich / _cCristobal Young.
264		1	_aStanford, California : _bStanford University Press, _c2018.
300			_axi, 144 pages
336			_atext _2rdacontent
337			_aunmediated _2rdamedia
338			_avolume _2rdacarrier
490	1		_aStudies in social inequality
505	0		_aMillionaire taxes in a world with few borders -- Do the rich flee high taxes? -- Global billionaires and international tax havens -- Place as a form of capital -- Millionaires and the future of taxation.
520			_aIn this age of globalization, many countries and U.S. states are worried about the tax flight of the rich. As income inequality grows and U.S. states consider raising taxes on their wealthiest residents, there is a palpable concern that these high rollers will board their private jets and fly away, taking their wealth with them. Many assume that the importance of location to a person's success is at an all-time low. Cristobal Young, however, makes the surprising argument that location is very important to the world's richest people. Frequently, he says, place has a great deal to do with how they make their millions. In The Myth of Millionaire Tax Flight, Young examines a trove of data on millionaires and billionaires—confidential tax returns, Forbes lists, and census records—and distills down surprising insights. While economic elites have the resources and capacity to flee high-tax places, their actual migration is surprisingly limited. For the rich, ongoing economic potential is tied to the place where they become successful—often where they are powerful insiders—and that success ultimately diminishes both the incentive and desire to migrate. This important book debunks a powerful idea that has driven fiscal policy for years, and in doing so it clears the way for a new era. Millionaire taxes, Young argues, could give states the funds to pay for infrastructure, education, and other social programs to attract a group of people who are much more mobile—the younger generation.
650		0	_aRich people _xTaxation _zUnited States. _960848
650		0	_aMigration, Internal _zUnited States. _960849
650		0	_aPlace attachment _zUnited States. _960850
650		0	_aRich people _xTaxation. _960851
650		0	_aTax havens.
650		0	_aEmigration and immigration. _945165
650		0	_aPlace attachment. _960852
830		0	_aStudies in social inequality. _9118808
942			_n0
999			_c72388 _d72388